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boehner grand bargain that was negotiated and almost done in the summer of 2011. the fact that we couldn't make that deal then i think's a tragedy for the country. one of the thing's it did was lead to that aaa downgrading. that was unnecessary. >> let me just follow up on this point of what republicans should accept. you said you'd go back to the clinton era tax rates if you could get the spending that went with it. there are some in the republican party like congressman tom cole congress them saying let's just do that. let the rates go up for those at the top, then wait and negotiate. is there anything about that that you think could make sense? >> that's not a negotiation. the president's not going to then lower those rates. >> that might be a capitulation. >> yeah, it is a capitulation. the president thinks he's got all the cards. the republicans position improves at the beginning of the year and frankly, there are a number of people coming back, people who contributed to this mess and i'm not sure as a citizen i want them to be the ones who fix it. >> aren't
boehner grand bargain that was negotiated and almost done in the summer of 2011. the fact that we couldn't make that deal then i think's a tragedy for the country. one of the thing's it did was lead to that aaa downgrading. that was unnecessary. >> let me just follow up on this point of what republicans should accept. you said you'd go back to the clinton era tax rates if you could get the spending that went with it. there are some in the republican party like congressman tom cole...
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. >> today house speaker john boehner rejected president obama's proposal to avoid the fiscal cliff. boehner said no progress was made. boehner accused democrats of not being serious of real spending cuts. but democrats say republicans are causing the hold up. the proposal consisted of $1.6 trillion in higher taxes, they also wanted 50 billion for infrastructure. the president in return approved spending cuts this year and legislation for saving up to $400 million for programs like medicare over a decade. >>> former rivals president obama and governor romney spoke in private. and what they said remains in private. the white house did release a photo and reported that they had white turkey chili and south western chicken salad. when romney arrived, a man ran up to him and said something. secret service quickly ran up to him. >>> imagine running the equivalent of a marathon a day. patty lee shows us what inspired a 25-year-old san francisco woman to spend the past five months making this cross country journey. >>> it took four months, 3,200 miles and 12 pairs of running shoes to get he
. >> today house speaker john boehner rejected president obama's proposal to avoid the fiscal cliff. boehner said no progress was made. boehner accused democrats of not being serious of real spending cuts. but democrats say republicans are causing the hold up. the proposal consisted of $1.6 trillion in higher taxes, they also wanted 50 billion for infrastructure. the president in return approved spending cuts this year and legislation for saving up to $400 million for programs like...
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. >> today house speaker john boehner rejected president obama's proposal to avoid the fiscal cliff. boehner said no progress was made. boehner accused democrats of not being serious of real spending cuts. but democrats say republicans are causing the hold up. the proposal consisted of $1.6 trillion in higher taxes, they also wanted 50 billion for infrastructure. the president in return approved spending cuts this year and legislation for saving up to $400 million for programs like medicare over a decade. >>> former rivals president obama and governor romney spoke in private. and what they said remains in private. the white house did release a photo and reported that they had white turkey chili and south western chicken salad. when romney arrived, a man ran up to him and said something. secret service quickly ran up to him. >>> imagine running the equivalent of a marathon a day. patty lee shows us what inspired a 25-year-old san francisco woman to spend the past five months making this cross country journey. >>> it took four months, 3,200 miles and 12 pairs of running shoes to get he
. >> today house speaker john boehner rejected president obama's proposal to avoid the fiscal cliff. boehner said no progress was made. boehner accused democrats of not being serious of real spending cuts. but democrats say republicans are causing the hold up. the proposal consisted of $1.6 trillion in higher taxes, they also wanted 50 billion for infrastructure. the president in return approved spending cuts this year and legislation for saving up to $400 million for programs like...
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optimism had been growing after president obama and representative boehner made remarks wednesday that a deal could be worked out. now speaker boehner insists there are still many roadblocks in the way. last night, boehner offered no details but rejected the democrats' $4-trillion plan presented by treasury secretary timothy geithner. investors have a more optimistic view on the global economy. a new survey by bloomberg shows 2/3 of investors surveyed described the worldwide economy has either stable or improving. overall, they considered the global economy to be in the best shape in 18 months. when asked which countries will offer the best investing opportunities for next year, the u.s. ranked number 1 for the 8th quarter in a row. china came in second, and europe was considered the worst for returns. for those holding out hope for a second life for twinkies, ho- hos and ding-dongs, there's encouraging news. hostess says it is in talks with more than 100 interested buyers. at the same time, hostess is seeking approval in banruptcy court to pay its top executives $1.8 billion in bonuse
optimism had been growing after president obama and representative boehner made remarks wednesday that a deal could be worked out. now speaker boehner insists there are still many roadblocks in the way. last night, boehner offered no details but rejected the democrats' $4-trillion plan presented by treasury secretary timothy geithner. investors have a more optimistic view on the global economy. a new survey by bloomberg shows 2/3 of investors surveyed described the worldwide economy has either...
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i just can't imagine that happening with barack obama and john boehner. they just seem complete polar opposites. >> as you suggested, obama doesn't really have an appetite for this sort of thing. we saw that last time around and if you read bob woodward's "the price of politics" it's one of the themes that comes through loud and clear. he's doing some things differently this time, though and one thing that i think is very interesting, he's taking his case to the american people and doing it day after day. all of us have talked on this show and other places about how bad the president has been in the past on selling what he wants to happen, on explaining his policies and really bringing people around to them. and we see him now trying to do that in a more forceful way than he's done in the past. and that may strengthen his hand further. >> also, do you think -- sorry. ross, do you think the deal in the end when it gets done, as it obviously will get done at some stage, do you think the republicans will by then, whether they want to or not, have moved on th
i just can't imagine that happening with barack obama and john boehner. they just seem complete polar opposites. >> as you suggested, obama doesn't really have an appetite for this sort of thing. we saw that last time around and if you read bob woodward's "the price of politics" it's one of the themes that comes through loud and clear. he's doing some things differently this time, though and one thing that i think is very interesting, he's taking his case to the american people...
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victories off of obama's first offering. now, obama today can go to his caucus and say, look, i tried to get everything i could get. >> we've got to give. >> and we've got to give. and i think this actually is much more important in terms of setting the frameworks for each of the partisans to say okay, we did what we could. now let's start moving. >> and to save face. >> mark halperin. >> clearly one of the things the white house offer is intended to do is to smoke out republicans. one of the things the president's most frustrated about and feels he's got a really strong hand on, republicans cannot make up the loss of the tax revenue, or if they want to lower the amount of new tax revenue with spending cuts that are the least bit popular. if they want more entitlement cuts, more discretionary spending cuts, if they want pentagon cuts, the president wants them to specify them. and this offer is intended in part to say here's my math. here's the level of deficit reduction i can reach. if you think you can reach the same or mor
victories off of obama's first offering. now, obama today can go to his caucus and say, look, i tried to get everything i could get. >> we've got to give. >> and we've got to give. and i think this actually is much more important in terms of setting the frameworks for each of the partisans to say okay, we did what we could. now let's start moving. >> and to save face. >> mark halperin. >> clearly one of the things the white house offer is intended to do is to smoke...
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president obama is calling for $1.6 trillion in tax spikes. john boehner is telling him to get serious. >> with 32 days left, the two parties are trading insults with 90% of americans facing higher taxes next year. small business owners want answers. poppy harlow is talking to them. they are very nervous about this. >> very nervous and frustrated. they have no idea what is ahead. that uncertainty is the hard part. we went to new jersey to talk to owners of very different businesses that are equally frustrated that washington can't get it together. >> any company, any business did the method of accounting like the government, we would be in jail. >> you sound like you have had it. >> i have. here is the reservations. staffed 24 hours a day. >> reporter: he started the business back in 1984. today, he's got a staff of 75. 53 cars and one big question. >> i just want congress to tell me to come up with what the boundaries are so i know -- i know how to run my business, i know how to plan. >> reporter: he's laid off four employees in the last six
president obama is calling for $1.6 trillion in tax spikes. john boehner is telling him to get serious. >> with 32 days left, the two parties are trading insults with 90% of americans facing higher taxes next year. small business owners want answers. poppy harlow is talking to them. they are very nervous about this. >> very nervous and frustrated. they have no idea what is ahead. that uncertainty is the hard part. we went to new jersey to talk to owners of very different businesses...
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comes down to john boehner and president obama. i will reed an excerpt from pegeny noonan in the "wall street journal" would disagree with melissa this is not the old-school politic s yore. beggy writes -- when fire logs burned without fire starters and apple pies were baked in everybody's home. >> not sold in costco. >> if only everything could be like ronald reagan. >> and tip o'neill. >> the thing is, and i think it is true that -- i know peggy noonan likes the grand er and everything grand, but the senate isn't so relevant. this being a budget and tax bill they can do reconciliation. this is a house problem. the difference is that tip o'neill actually had influence with his caucus. john boehner has precious influence with the part of his caucus the most recalcitrant on these issues. in the current lame duck congress john boehner still has the same problem, resistant people who will not go along with a deal so the question is, whether or not he can deliver even the 20 or 25 votes he needs if pelosi did what she always does and d
comes down to john boehner and president obama. i will reed an excerpt from pegeny noonan in the "wall street journal" would disagree with melissa this is not the old-school politic s yore. beggy writes -- when fire logs burned without fire starters and apple pies were baked in everybody's home. >> not sold in costco. >> if only everything could be like ronald reagan. >> and tip o'neill. >> the thing is, and i think it is true that -- i know peggy noonan likes...
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go long. >>> president obama and house speaker john boehner both talking today about the looming fiscal cliff. but not to each other. the president was making his case on the road while boehner was dismissing the white house proposal as a joke. cnn senior congressional correspondent dana bash joins us live from the capital. dana, what's the latest? >> reporter: well, joe, it turns out he laughed at geithner when he proposed the white house package which includes $1.6 trillion in tax increases. instead, today mcconnell floated to "the wall street journal" the idea of revenues by medicare and eligibility age, but democrats are very dug in. they say anything that doesn't include tax increases on the wealthy is a nonstarter. a day after getting a white house proposal the republicans greeted as a joke, they're not laughing. >> now, the white house took three weeks to respond with any kind of a proposal and much to my disappointment it wasn't a serious one. >> reporter: house speaker john boehner rushed to the cameras to respond to the president's campaign-style event at a suburban philadelph
go long. >>> president obama and house speaker john boehner both talking today about the looming fiscal cliff. but not to each other. the president was making his case on the road while boehner was dismissing the white house proposal as a joke. cnn senior congressional correspondent dana bash joins us live from the capital. dana, what's the latest? >> reporter: well, joe, it turns out he laughed at geithner when he proposed the white house package which includes $1.6 trillion in...
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obama and mr. boehner? >> it depends on what the headlines are. so the president said the clear majority voted for a balanced approach. but there's a lot of debate about what that means. representative boehner i thought was much more into fighting words over there. listen to what he said. increasing the tax rates is the wrong approach to take. he said there was a stalemate in the talks with the white house. look at the dow industrials. we did move down around 25, 30 points as his comments came out. he said we're almost nowhere in the talks. sitting right near the lows for the day. if you look at the overall sectors that are moving today, pretty much balanced on either side. pretty much even on the balance-decline line. worries about higher taxes on dividend paying stocks seem to be -- >> lows for the day but not violent downstrokes here. >> i think the problem is we'll have trouble moving into positive territory at the close. a lot of concerns about headline risks over the weekend. we could be down 10, 15 on the s&p monday morning on something tha
obama and mr. boehner? >> it depends on what the headlines are. so the president said the clear majority voted for a balanced approach. but there's a lot of debate about what that means. representative boehner i thought was much more into fighting words over there. listen to what he said. increasing the tax rates is the wrong approach to take. he said there was a stalemate in the talks with the white house. look at the dow industrials. we did move down around 25, 30 points as his comments...
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as soon as boehner and obama walk out of the white house, which i believe they'll do at some stage over the next month, as soon as that happens, everything is going to flip the other way. i'd like to find a way to play the market, but i think for long-term investors, valuation gets more and more important. the more you stretch things out. the key thing people are miss -- i agree with rick, the economy is not that strong, but it is still growing steadily and valuations are so extreme that you know which way the money is going to go when things settle down. i just wouldn't want to be on the wrong side of that trade. >> stephanie, that's basically the way you feel. you have sort of opportunities out there. how do you see it, stephanie? >> i think what you want to do is use the volatility, use the declines, and go back to the companies that reported good third quarter earnings. go back to an ebay. >> stick to fundamentals. >> right. go back to starbucks. or you also can focus on some of the themes, right. housing is still in recovery mode and that -- i know it's well known, but if those sto
as soon as boehner and obama walk out of the white house, which i believe they'll do at some stage over the next month, as soon as that happens, everything is going to flip the other way. i'd like to find a way to play the market, but i think for long-term investors, valuation gets more and more important. the more you stretch things out. the key thing people are miss -- i agree with rick, the economy is not that strong, but it is still growing steadily and valuations are so extreme that you...
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and president obama. it's that language that had more cuts to entitlements, more language where revenue was capped at $800 billion. they're trying to say let's go back to the 2011 agreement -- >> but there's been a presidential election. >> reporter: and that point has essentially up to right now been lost. they're negotiating from the 2011 position because they think that puts them in the best position to get as much as they can in terms of this debate. >> right. okay. well, thank you very much. nbc's luke russert. >> reporter: have a good weekend, martin. >> thank you. stay with us. the day's "top lines" are coming up. [ female announcer ] the humana walmart-preferred rx plan p-d-p gives you a low $18.50 monthly plan premium... and select generic hypertension drugs available for only a penny... so you can focus on what really matters. call humana at 1-800-808-4003. bp has paid overthe people of bp twenty-threeitment to the gulf. billion dollars so you can focus on what really matters. to help those affe
and president obama. it's that language that had more cuts to entitlements, more language where revenue was capped at $800 billion. they're trying to say let's go back to the 2011 agreement -- >> but there's been a presidential election. >> reporter: and that point has essentially up to right now been lost. they're negotiating from the 2011 position because they think that puts them in the best position to get as much as they can in terms of this debate. >> right. okay. well,...
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obama is say nothing, i need more. boehner is saying we are further than we have ever been. >> they know where they will meet in the middle. >> dana: i think they are farther apart than ever, actually. >> eric: you do? >> dana: i do. does it show you wouldn't -- >> kimberly: absolutely not. >> kimberly: bolling is the last to leigh the building and first to enter. maybe he doesn't leave at all. >> screaming headlines on fox news.com. this is not a game. clearly frustrated. you must be good in chess. you two steps ahead of everybody, what you just diagnosed. i manual you're good. the president is also playing -- >> bob: can suck up. >> brian: i usually wait for the breaks. but i just do things that threw me a little bit. the president would not go to hawaii if the deal is not done. he has the deal. that the republicans will sign. >> dana: if they were able to go, the east wing said we are going to hawaii, you bet ber ready. get the back pack. i think there is so much planning that has to be done. if you take the white h
obama is say nothing, i need more. boehner is saying we are further than we have ever been. >> they know where they will meet in the middle. >> dana: i think they are farther apart than ever, actually. >> eric: you do? >> dana: i do. does it show you wouldn't -- >> kimberly: absolutely not. >> kimberly: bolling is the last to leigh the building and first to enter. maybe he doesn't leave at all. >> screaming headlines on fox news.com. this is not a game....
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of course, president obama is saying a million conciliatory things. here comes john boehner deciding he's going to draw a line again. >> without spending cuts and in title reforms it's impossible to address our country's debt crisis and get our economy going again and to grow jobs. right now all eyes are on the white house. the country doesn't need a victory lap. it needs leadership. it's time for the president congressional democrats to tell the american people what spending cuts they're really willing to make. >> cenk: there he goes again spending cuts, enexcitement reform. we'll get to entitlement reform in a minute. they are huffing and puffing and laughing in tim geithner's face today. based on some articles that i have read, this morning i tweeted out: there is the unknown ones, how much are they going to increase taxes. i predicted 37-38% and capitol gains 20%-22%. i don't have definitive numbers for you sos i got it right but i read this today: >> cenk: now do you understand that? the clinton era rates are 39.5 wear. all along, president obama
of course, president obama is saying a million conciliatory things. here comes john boehner deciding he's going to draw a line again. >> without spending cuts and in title reforms it's impossible to address our country's debt crisis and get our economy going again and to grow jobs. right now all eyes are on the white house. the country doesn't need a victory lap. it needs leadership. it's time for the president congressional democrats to tell the american people what spending cuts they're...
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here is boehner. >> the white house spends three weeks trying to develop a proposal and they send one up here that calls for $1.6 trillion in new taxes, calls for a little -- not even $400 billion in cuts, and they want to have this extra spending that is actually greater than the amount they're willing to cut. i mean, it is -- it was not a serious proposal. and so right now we're almost nowhere. >> what we will do is continue to take this as a serious matter. this is not a game. we're not interested in playing rope adope. we're interested in trying to solve the problem for the american people so that we don't see taxes go up on anybody, so that we can engage in tax reform, get this economy going again. we're not playing a game. we're being serious. that offer yesterday was simply not serious. >> oh, boy. scrooge, rope-a-dope. where does that leave us after months of hearing about the fiscal cliff, no signs of a compromise plan yet. chief white house correspondent jessica yellin here now. jessica, what happened to all this, hey, willing to work together, let's compromise, let's do wha
here is boehner. >> the white house spends three weeks trying to develop a proposal and they send one up here that calls for $1.6 trillion in new taxes, calls for a little -- not even $400 billion in cuts, and they want to have this extra spending that is actually greater than the amount they're willing to cut. i mean, it is -- it was not a serious proposal. and so right now we're almost nowhere. >> what we will do is continue to take this as a serious matter. this is not a game....
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house speaker john boehner. both sides describe that conversation, scott, as direct and candid. those are words custom early reserved for diplomacy between sworn adversaries and tonight that might be where we are. >> pelley: major, thanks very much. now, have a look at these two pictures. president obama and mitt romney at the final debate, the last time they shook hands, until today, when the president hosted a kind of "bury the hatchet" lunch at the white house. the two men promised to work together on shared concerns if the opportunity arises. the united nations voted overwhelmingly this afternoon to recognize the palestinian territories as a state. something palestinians have as a sight. something palestinians have sought for generations, but a diplomatic setback for the u.s. and israel. th the territories on the west bank, the jordan river, and along the gaza strip are home to palestinians displaced by the war that created israel in 1948. today's vote doesn't create an independent palestine. that would have
house speaker john boehner. both sides describe that conversation, scott, as direct and candid. those are words custom early reserved for diplomacy between sworn adversaries and tonight that might be where we are. >> pelley: major, thanks very much. now, have a look at these two pictures. president obama and mitt romney at the final debate, the last time they shook hands, until today, when the president hosted a kind of "bury the hatchet" lunch at the white house. the two men...
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. >> president obama in balance making the case for increasing taxes now. dealing with the big package after the new year. house speaker boehner saying that the proposal up on capitol hill from the administration was in his words "ludicrous." and republicans saying that actually they laughed at the initial proposal from the treasury secretary yesterday. let's bring in the panel. bill kristol of "weekly standard." juan williams, columnist with the hill. syndicated columnist charles krauthammer. okay, bill, is this part of the kabuki theater, the dance, choreographed back and forth? or are we really looking at something that is in deep trouble here? >> it looks to me more like the theater. the president understandably is going to put out his optimal scenario first. especially since he is going to try to hammer republicans on the greatest vulnerability, the president will say over and over i propose and the senate democrats passed the tax cut, 98% of all americans to take a lot of, a lot of what the fiscal cliff is. move a lot of the damage to the economy on j
. >> president obama in balance making the case for increasing taxes now. dealing with the big package after the new year. house speaker boehner saying that the proposal up on capitol hill from the administration was in his words "ludicrous." and republicans saying that actually they laughed at the initial proposal from the treasury secretary yesterday. let's bring in the panel. bill kristol of "weekly standard." juan williams, columnist with the hill. syndicated...
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president obama and speaker john boehner are locked in a whatever words this afternoon one day after republicans rebuffed the president's first proposal to overt the so-called fiscal cliff. first up, the president. the president who traveled to a toy company in pennsylvania today to call on congress to extend tax cuts for the middle class. president obama playing a little hardball accusing republicans of playing politics at the expense of american families. >> it's not acceptable to me and i don't think it's acceptable to for you republicans to hold tax cuts hostage because they don't want rates on upper folks to go up. >> john boehner scheduled a last minute news conference. fired back with this. >> increasing tax rates draws money away from our economy that needs to be invested in our economy to put the american people back to work. it's the wrong approach. >> as the rhetoric heats up, the clock continues to tick down. after today, there are just ten legislative days on the calendar. the house announced they will be recessing one day early next would he week. joining me now from th
president obama and speaker john boehner are locked in a whatever words this afternoon one day after republicans rebuffed the president's first proposal to overt the so-called fiscal cliff. first up, the president. the president who traveled to a toy company in pennsylvania today to call on congress to extend tax cuts for the middle class. president obama playing a little hardball accusing republicans of playing politics at the expense of american families. >> it's not acceptable to me...
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john boehner call this had a stalemate earlier today. president obama doesn't have any specific plans that the white house is reading out to talk to congressional leaders, but they say he will remain in contact with him in the coming days. >> kristen welker at the white house. thank you vyou very much. now to governor ed rendell. the optics of the president in the burbs is interesting. why did he choose the suburbs for this fight? >> these are traditional swing voter, voters who decide elections in pennsylvania. right now pennsylvania statewide elections are decided in the philadelphia suburbs. they're a decent demographic. not by any means poor people, but not rich people. they are the heart of the middle class, spexactly who the presidt is talking to. >> let's talk more about this proposal by the president. i want to just play a quick clip from harry reid from earlier in the week. here's what he had to say. >> remember we've already done more than a billion dollars worth of cuts. we've already done that. so we need to get credit for th
john boehner call this had a stalemate earlier today. president obama doesn't have any specific plans that the white house is reading out to talk to congressional leaders, but they say he will remain in contact with him in the coming days. >> kristen welker at the white house. thank you vyou very much. now to governor ed rendell. the optics of the president in the burbs is interesting. why did he choose the suburbs for this fight? >> these are traditional swing voter, voters who...
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." ♪ ♪ >> andrea: 32 days until the nation is set to go over so-called fiscal cliff and president obama is still in campaign mode. in hatfield, pennsylvania, the president was demonizing republicans -- shocker. meanwhile, house speaker john boehner seems willing to negotiate, as long as it's in good faith. >> it's not acceptable to me and i don't think it's accept to believe you for a handful of republicans in congress to hold middle class tax cuts hostage because they don't want tax rates on upper income folks to go up. >> let's not kid ourselves. i'm willing to move forward in good faith. our original framework still stands. >> andrea: the republican leader mitch mcconnell said he burst in laughter when tim geithner outlined the president's plan. what's next? rush limbaugh and charles krauthammer want republicans to walk away and let obama own the mess. >> the best thing to do is back out of this and let obama and democrats have it and do what you want to do. that will happen anyway. i don't know about you, i don't want my fingerprints on this. >> this is almost unheard of. what do th
." ♪ ♪ >> andrea: 32 days until the nation is set to go over so-called fiscal cliff and president obama is still in campaign mode. in hatfield, pennsylvania, the president was demonizing republicans -- shocker. meanwhile, house speaker john boehner seems willing to negotiate, as long as it's in good faith. >> it's not acceptable to me and i don't think it's accept to believe you for a handful of republicans in congress to hold middle class tax cuts hostage because they...
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senator mitch mcconnell reportedly burst into laughter while geithner was in the middle of outlining obama's plan. and house speaker john boehner who described his phone call with the president wednesday night as disappointing was not impressed by the white house proposal. >> no substantive progress has been made in the talks between the white house and the house over the last two weeks. right now all eyes are on the white house. the country doesn't need a victory lap. it needs leadership. it's time for the president and congressional democrats to tell the american people what spending cuts they're really willing to make. >> boehner then raised the stakes by throwing the debt ceiling into the mix, suggesting that any plans to raise the nation's borrowing limit would have to be matched by spending cuts in the fiscal cliff deal. >> as i told the president a couple weeks ago, there's a lot of things i've wanted in my life, but almost all of them had a price tag attached to them. i continue to believe that any increase in the debt limit has to be accompanied by spending reductions that meet or e
senator mitch mcconnell reportedly burst into laughter while geithner was in the middle of outlining obama's plan. and house speaker john boehner who described his phone call with the president wednesday night as disappointing was not impressed by the white house proposal. >> no substantive progress has been made in the talks between the white house and the house over the last two weeks. right now all eyes are on the white house. the country doesn't need a victory lap. it needs...
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i don't get a sense from obama and boehner there is any compromise at this point. >> well, not now. this may be the week to shout at each other. maybe the it next two weeks are the weeks to get beyond shouting and come together. i think you're right on the dynamic. this in the end everybody seems to agree a deal with boehner. others are players. those are the two main players and they have to figure out how to get things done. tracy: like war of the roses. gerry seib, washington bureau chief of "the wall street journal." thank you, gerry. good stuff. >> thank you very much. ashley: coming up stunning new numbers where america's tax burden hits the hardest. liz macdonald will be here next with that story. tracy: ashley mentioned it earlier, drought conditions turning worse around the country. how will it impact your grocerisy bill if it isn't high enough? as we do every time this time of day see how oil is trading. up slightly. $88.91 a barrel. we'll be right back tracy: so president obama continuing to push tax hikes on the rich as part of the big fiscal cliff deal but will raising
i don't get a sense from obama and boehner there is any compromise at this point. >> well, not now. this may be the week to shout at each other. maybe the it next two weeks are the weeks to get beyond shouting and come together. i think you're right on the dynamic. this in the end everybody seems to agree a deal with boehner. others are players. those are the two main players and they have to figure out how to get things done. tracy: like war of the roses. gerry seib, washington bureau...
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. >> speaker of the house john boehner giving his take on the lack of progress made in the fiscal cliff talks. and adds tensioas tensions rise capitol hill obama will be pushing his fiscal cliff plan at a toy factory today. >> peter doocy has more on that. >> the senate majority leader mitch mcconnell listening to tim geithner layout the proposal to avoid the cliff. it was so one-sided rich mcconnell reportedly said he burst into laughter. republicans claiming three want a balanced approach and they want to raise revenue without killing jobs and they are going public with their frustrations. >> i am disappointed in where we are. i am disappointed in what's happened over the last couple of weeks. but going over the fiscal cliff is , i am trying to resolve it. >> democrats want republicans to slow down and realize what they are offering is not new. it's the sail debt pl-- same de plan president obama had in the american jobs act. it's not a new stimulus it is something that has been on the table for over a year. >> something should a political price be paid in order for congress to do its
. >> speaker of the house john boehner giving his take on the lack of progress made in the fiscal cliff talks. and adds tensioas tensions rise capitol hill obama will be pushing his fiscal cliff plan at a toy factory today. >> peter doocy has more on that. >> the senate majority leader mitch mcconnell listening to tim geithner layout the proposal to avoid the cliff. it was so one-sided rich mcconnell reportedly said he burst into laughter. republicans claiming three want a...
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according to "politico" house republican leaders recognize president obama holds the high cards and the public is likely to blame republicans if negotiations blow up and the new year begins with a fiscal disaster. the facts didn't stop speaker boehner from claiming the white house is holding up negotiations. >> majority leader and i just had a meeting with the treasury secretary. it was frank, and it was direct. i was hopeful we'd see a specific plan for cutting spending. >> the treasury secretary's proposal seems pretty specific. it even includes $400 billion in specific cuts. but john boehner sees something different. >> we know what the menu is. what we don't know is what the white house is willing to do to get serious about solving our debt crisis. >> so what is this all about? i mean, i guess john boehner has his own definition of specifics. according to the john boehner dictionary, specifics means, having all the attributes john boehner agrees with and nothing he doesn't like. keep in mind, this is the same boehner who said $38 billion in cuts was the largest real dollar spending
according to "politico" house republican leaders recognize president obama holds the high cards and the public is likely to blame republicans if negotiations blow up and the new year begins with a fiscal disaster. the facts didn't stop speaker boehner from claiming the white house is holding up negotiations. >> majority leader and i just had a meeting with the treasury secretary. it was frank, and it was direct. i was hopeful we'd see a specific plan for cutting spending....
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president obama has no interest in reducing the size of the federal government. now democrats before him he's dangling the prospect of future budget cuts in the hopes republicans will take the bait. with that in mind, it's important to remember the words of president ronald reagan, he wrote them in his own autobiography, and described in great deal a deal he struck with the democrats in 1980s, promising $3 in spending cuts for every dollar in a tax increase. reagan wrote, the democrats reneged on their pledge and we never got those cuts. perhaps that's why some on the right are calling foul on these negotiations. >> the only secret talks have revealed, a government that skips from one crisis to the next. all of this secrecy allows the president to petition himself frankly and being in favor of a balanced plan. that's what he said, i favor a balanced plan. basically it increases taxes to fuel more spending. that's what the plan is. the white house plans to raise taxes to expand government. that's not acceptable. >> sean: republicans, i hope you're listening. joini
president obama has no interest in reducing the size of the federal government. now democrats before him he's dangling the prospect of future budget cuts in the hopes republicans will take the bait. with that in mind, it's important to remember the words of president ronald reagan, he wrote them in his own autobiography, and described in great deal a deal he struck with the democrats in 1980s, promising $3 in spending cuts for every dollar in a tax increase. reagan wrote, the democrats reneged...
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obama is out on the road again. this is what ronald reagan did. >> exactly. exactly. oh, yeah. absolutely. and it's part of the job. >> yeah. ? >> you would hope that the president is engaged in a dialogue with the american people on the issues that are central importance to the country. >> called the bully pulpit. he won it. he was talking to a colleague of yours in the house the other day. and i mentioned, you know, because just butefore you guys came back, got here to save us from going over the fiscal cliff, and he said why not go over the cliff? it's not a cliff. it's a slope. if you look at it, the immediate impact won't be so bad. and he said, i think it might be better to go over the cliff than accept a bad deal. do you agree? >> well, he is right in the sense that it's not a cliff. it is a gradual slope. but i don't think we can afford to go over the cliff. i think it would have a significant adverse effect on the economy at a time where poised to pull out of this recession and post recessionary period. so
obama is out on the road again. this is what ronald reagan did. >> exactly. exactly. oh, yeah. absolutely. and it's part of the job. >> yeah. ? >> you would hope that the president is engaged in a dialogue with the american people on the issues that are central importance to the country. >> called the bully pulpit. he won it. he was talking to a colleague of yours in the house the other day. and i mentioned, you know, because just butefore you guys came back, got here to...
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that was house speaker john boehner today putting to rest the idea that a fiscal cliff deal is on its way. some angry lawmakers are now saying the last three weeks have been a complete waste and that president obama's new detailed proposal is a total non-starter. hedge fund manager jonathan hoenig agrees. he joins us to tell us why he thinks the president's plan rests entirely punishing the minority, that is the rich. thanks for having you back on the show. >> hello, melissa. melissa: this is depressing topic you will make it light and happy for us somehow. >> there is nothing happy about wealth destruction that is exactly what president is doing. you raised a very important point. why is it the president's plan to fix the economic calamity specifically reinvolves hurting minority, as you point out the so-called rich? redistribution is once again the center of his proposal. it is not only immoral but impractical as well. we're talking about 1.6 dro trillion coming out of the economy, coming out of invests, not being put into new jobs and new businesses being sent to washington instead
that was house speaker john boehner today putting to rest the idea that a fiscal cliff deal is on its way. some angry lawmakers are now saying the last three weeks have been a complete waste and that president obama's new detailed proposal is a total non-starter. hedge fund manager jonathan hoenig agrees. he joins us to tell us why he thinks the president's plan rests entirely punishing the minority, that is the rich. thanks for having you back on the show. >> hello, melissa. melissa:...
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and president obama keep saying the same thing. speaker boehner keeps asking for the same thing. we will be talking with one of more than 200 congressman who have signed the grover norquist antitax pledge. congressman nunes coming up next it [ male annouer ] if you're eligible for medicare, you may know it only covers about 80% of your part b medical expenses. u. is to me, relationships matter. i've been with my doctor for 12 years. now i know il be able to stick with him. [ male announcer ] with these types of plans, you'll be able to visit any doctor or hospital that accepts medicare patients. plus, there are no networks, and you never need a referral to see a specialist. so don't wait. call now and request this free decision guide to help you better understand medicare... and which aarp medicare supplement plan might be best for you. there's a wide range to choose from. we love to travel -- and there's so much more to see. so we found a plan that can travel with us. anywhere in the country. [ male announcer ] join the millions of people who have already enrolled in the only me
and president obama keep saying the same thing. speaker boehner keeps asking for the same thing. we will be talking with one of more than 200 congressman who have signed the grover norquist antitax pledge. congressman nunes coming up next it [ male annouer ] if you're eligible for medicare, you may know it only covers about 80% of your part b medical expenses. u. is to me, relationships matter. i've been with my doctor for 12 years. now i know il be able to stick with him. [ male announcer ]...
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moments ago, speaker of the house john boehner said this. >> the white house spent three weeks trying to develop a proposal. they call for $1.6 trillion in new taxes. calling for not even $400 billion in cuts, and they want to have this extra spending that is actually greater than the amount that we would cut. i mean, it is not a serious proposal. so right now we are almost nowhere. megyn: alan colmes and lars larson are with us now. let's just focus on this debt ceiling. the reason we find ourselves about to go off the fiscal cliff with the automatic spending cuts, in part is because back in 2011, they wanted to raise the debt ceiling and the republicans said you cannot do it unless we do spending cuts. we cannot just do deficit spending. so they agree, they cut this deal, now the democrats are going to the republicans and saying, forget that. let's just in the position to get rid of it. what on earth would make them think that republicans would agree to that? >> because the president thinks he has a mandate from the whole country. he thinks he can get anything he wants. i am sure th
moments ago, speaker of the house john boehner said this. >> the white house spent three weeks trying to develop a proposal. they call for $1.6 trillion in new taxes. calling for not even $400 billion in cuts, and they want to have this extra spending that is actually greater than the amount that we would cut. i mean, it is not a serious proposal. so right now we are almost nowhere. megyn: alan colmes and lars larson are with us now. let's just focus on this debt ceiling. the reason we...
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they don't want to hear boehner capitulate. if you read a lot of the right wing sides, not the crazy once, they're already teeing up to say bain ser a failure, he gave into obama. they want to hear him talk the talk. while he still has the rejectionists in hand in the lame duck caucus and while he has that donor class that wants to hear this conservative rhetoric, he's still got to play the game. behind the jeans i think republicans understand they're going to lose that top rate fight. they're going to lose that and i wouldn't be surprised if they wound up putting the debt creeling into the deal at the end, but up until the moment they make the deal, he's got to talk the talk. >> if i was only interested in right wing money and money at the top, i would say that's all true and, therefore, the faster they make a deal the better because if they're going to raise the rate anyway, get it over with. >> it would be better for the republicans if they make a deal now. >> boehner can make a better deal now. the question is whether anyon
they don't want to hear boehner capitulate. if you read a lot of the right wing sides, not the crazy once, they're already teeing up to say bain ser a failure, he gave into obama. they want to hear him talk the talk. while he still has the rejectionists in hand in the lame duck caucus and while he has that donor class that wants to hear this conservative rhetoric, he's still got to play the game. behind the jeans i think republicans understand they're going to lose that top rate fight. they're...
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house speaker john boehner also spoke to president obama on the phone last night. he said he wanted to know where the administration would rein in spending, but that he had heard nothing new. >> i was hopeful we'd see a specific plan for cutting spending. we sought to find out today what the president is really willing to do. listen, i remain hopeful that productive conversations in the days ahead can be had but the white house has to get serious. >> sreenivasan: senate minority leader mitch mcconnell echoed that complaint. in a statement, he said, "today, they took a step backward and significantly closer to the cliff." conversely, white house spokesman jay carney charged republicans failed to provide any details on what they could tolerate in the way of tax increases. >> the president has always engaged in this with real numbers. when you talk about flexibility on revenue, all we've heard so far and it's welcomed, don't get me wrong, but we've heard that yes, revenue on the table but we need more than that. >> sreenivasan: away from the microphones, there were re
house speaker john boehner also spoke to president obama on the phone last night. he said he wanted to know where the administration would rein in spending, but that he had heard nothing new. >> i was hopeful we'd see a specific plan for cutting spending. we sought to find out today what the president is really willing to do. listen, i remain hopeful that productive conversations in the days ahead can be had but the white house has to get serious. >> sreenivasan: senate minority...
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from president obama that includes $1.6 trillion in tax increase over ten years. more stimulus spending to boost the economy including home mortgage refinancing and the permanent end to congressional control over the debt ceiling. in return, president obama is offering republicans $400 billion in entitlement cuts over ten years. still to be negotiated. mr. obama also wants emergency unemployment benefits and a temporary payroll tax holiday extended along with the infrastructure spending and mortgage relief, the price tag for the president's stimulus bill could rise to $50 billion or more. after meeting with secretary geithner, speaker boehner said he didn't see any sign of compromise from the white house. >> first despite the claims that the president supports a balanced approach, the democrats have yet to get serious about real spending cuts. and secondly, no substantive progress has been made in the talks between the white house and the house over the last two weeks. >> eliot: no sooner had boehner finished then senate majority leader harry reid took the podium
from president obama that includes $1.6 trillion in tax increase over ten years. more stimulus spending to boost the economy including home mortgage refinancing and the permanent end to congressional control over the debt ceiling. in return, president obama is offering republicans $400 billion in entitlement cuts over ten years. still to be negotiated. mr. obama also wants emergency unemployment benefits and a temporary payroll tax holiday extended along with the infrastructure spending and...
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house speaker john boehner is going to respond to president obama's latest comments over the stalemate on the fiscal cliff. we're iffing to bring it to you live as soon as he speaks. we'll take a quick break. what s with adding a friend... ♪ ♪ ...could end with adding a close friend. ♪ the lexus december to remember sales event is on, offering some of our best values of the year. this is the pursuit of perfection. offering some of our best values of the year. social security are just numbers thinkin a budget.d... well, we worked hard for those benefits. we earned them. and if washington tries to cram decisions about the future... of these programs into a last minute budget deal... we'll all pay the price. aarp is fighting to protect seniors with responsible... solutions that strengthen medicare and... social security for generations to come. we can do better than a last minute deal... that would hurt all of us. you won't just find us online, you'll also find us in person, with dedicated support teams at over 500 branches nationwide. so when you call or visit, you can ask for a na
house speaker john boehner is going to respond to president obama's latest comments over the stalemate on the fiscal cliff. we're iffing to bring it to you live as soon as he speaks. we'll take a quick break. what s with adding a friend... ♪ ♪ ...could end with adding a close friend. ♪ the lexus december to remember sales event is on, offering some of our best values of the year. this is the pursuit of perfection. offering some of our best values of the year. social security are just...
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. >>> president obama and u.s. lawmakers are no closer to avoiding the fiscal cliff, according to house speaker john boehner. each party blame the other for failing to outline considerable spending cuts. president obama sent vice president joe biden out today to do some holiday shopping and highlight the spors of renewing middle class tax cuts so families can feel more secure. biden went to a washington area costco and chatted it up with staff and was followed around the store by a huge crowd, as you can see. his favorite part like many who go to costco, try out the free samples. he spoke about the importance of renewing the tax cuts. >> so i think it is important that coming act now. i mean, right now. all it has to do is take a single vote to extend the middle class tax cuts. >> reporter: biden bought cookies, children's books and apple pie, and a 32-inch flat screen tv. he decline an offer to buy a set of tires saying i don't drive anymore. envelop the president had a notable lunch guest at the white house today
. >>> president obama and u.s. lawmakers are no closer to avoiding the fiscal cliff, according to house speaker john boehner. each party blame the other for failing to outline considerable spending cuts. president obama sent vice president joe biden out today to do some holiday shopping and highlight the spors of renewing middle class tax cuts so families can feel more secure. biden went to a washington area costco and chatted it up with staff and was followed around the store by a...
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. >>> reporter: president obama dispatched his chief negotiator tim geithner to capitol hill to work on a "fiscal cliff" deal. house speaker john boehner came out of his meeting with the treasury secretary demanding the white house get serious about spending cuts. >> no substantive progress has been made in the talks between the white house and the house over the last two weeks. >> reporter: if a compromise isn't reached soon, automatic tax hikes and steep budget cuts will kick in january 1. geithner moved from one end of the capitol to the other encouraging lawmakers to sign off on an extension of middle class tax cuts now. democrats say their position is clear and they want a serious offer from republicans. >> the american people want us to avoid the "fiscal cliff" with a balanced approach. >> reporter: geithner is here in the halls of congress trying to clear some big hurdles with republicans. once a deal is closer president obama will take over the talks. so far independent senator joe lieberman is not encouraged. >> if we go over the cliff it's going to send the country back int
. >>> reporter: president obama dispatched his chief negotiator tim geithner to capitol hill to work on a "fiscal cliff" deal. house speaker john boehner came out of his meeting with the treasury secretary demanding the white house get serious about spending cuts. >> no substantive progress has been made in the talks between the white house and the house over the last two weeks. >> reporter: if a compromise isn't reached soon, automatic tax hikes and steep budget...
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president obama needs to make good on the assumption that he's going to legalize gay marriage in the future. my husband and i have been together for 14 years. >> stephanie: the president can't legalize gay marriage himself. hopefully the supreme court will. >> caller: we're very hopeful that the proposition 8 thing goes back to the state. >> stephanie: me too. by the way we're going to--honey, we're going to find out soon. our friends at prop 8 we're going to find out whether the supreme court will hear it or not. [ world news music] i don't think he's taking a victory lap. these are the key issues that he won on. meanwhile, stuart stevens. >> oh, him. didn't he play guitar for billy idol. >> stephanie: no, it's a different story every day that proves why he lost. because this guy was his adviser. if mitt romney's campaign could fix one mistake--just one really? to win the election. stuart stephen said this morning it would be reaching out to women and hispanic voters. you think? striking a different emphasis in the op-ed he wrote in the "washington post." yesterday he said the repub
president obama needs to make good on the assumption that he's going to legalize gay marriage in the future. my husband and i have been together for 14 years. >> stephanie: the president can't legalize gay marriage himself. hopefully the supreme court will. >> caller: we're very hopeful that the proposition 8 thing goes back to the state. >> stephanie: me too. by the way we're going to--honey, we're going to find out soon. our friends at prop 8 we're going to find out whether...
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that deal was nixed by speaker john boehner almost as soon as it was offered ultimately republicans are against the wall whether they like it or not the bush tax cuts are expiring at the end of the year now the only question left is what will republicans attempt to take. you for these tax cuts expire it could be extended unemployment benefits for more than two million americans which are set to expire at the end of the year as well and if republicans tie up these benefits and also be standing in the way of hundreds of thousands of jobs being created at least that's the conclusion of a new report by. nonpartisan congressional budget office c.e.o. estimates the just the simple act of extending unemployment benefits beyond the end of the year will provide much needed relief to two point one million jobless americans and it will also create three hundred thousand jobs after all that's how economics works americans their money in their pockets to spend that spending creates jobs consumers of the ultimate job creators conversely the c.b. overseas released a report earlier this year concluding
that deal was nixed by speaker john boehner almost as soon as it was offered ultimately republicans are against the wall whether they like it or not the bush tax cuts are expiring at the end of the year now the only question left is what will republicans attempt to take. you for these tax cuts expire it could be extended unemployment benefits for more than two million americans which are set to expire at the end of the year as well and if republicans tie up these benefits and also be standing...
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connell: if i had to make a prediction, it is in both interest of speaker boehner and president obama to come up with a solution. they will both be remembered not necessarily for january, february, arch of next year, but held the second term when. it is always tough. >> it sure does not help to start out with your first year of your second term with the economy back in recession. i think we will get a deal. we cannot get the compromise on the really big issues like bono commented. i think we will not fall over the cliff. it will be 150-175. that will take a bite out of consumer spending, ap in the first quarter. we will have a decent holiday sale. some pay back early next year. connell: thank you, stuart. i think you bring up an important point. even if we solve this, you will see higher taxes lower spending. some tough news from microsoft that came out today. the company will cut its order of the new surface tablet that we have talked about from 4 million units to 2 million units. this is all because of weak demand. it runs on a result eight. they continue to see very weak demand for
connell: if i had to make a prediction, it is in both interest of speaker boehner and president obama to come up with a solution. they will both be remembered not necessarily for january, february, arch of next year, but held the second term when. it is always tough. >> it sure does not help to start out with your first year of your second term with the economy back in recession. i think we will get a deal. we cannot get the compromise on the really big issues like bono commented. i think...
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later in the day, john boehner of s on to the president's comments. you can see both events starting at 8:00 eastern on c-span. in january, tax credits are scheduled to expire, along with tax credits for businesses. we look at the issue this morning on this morning's "washington journal." host: we are looking at various aspects at the so-called fiscal cliff. joining us for the discussion is steven sloan. he is with politico. could you define what a tax credit is and how that differs from a tax deduction? guest: credits and deductions are used to lower somebody's tax bill. if you have it $1,000 tax bill -- basically reduces taxable income, so it takes the taxable income off the top. if you have a $1,000 tax deduction, that is basically a $250 deduction. host: on their tax credits that specifically affect families? guest: some that have expired that are part of the fiscal cliff package. guest: some that have expired that are part of the fiscal cliff package. they get much less attention than the bush tax cuts. they are part of the packet of decisions th
later in the day, john boehner of s on to the president's comments. you can see both events starting at 8:00 eastern on c-span. in january, tax credits are scheduled to expire, along with tax credits for businesses. we look at the issue this morning on this morning's "washington journal." host: we are looking at various aspects at the so-called fiscal cliff. joining us for the discussion is steven sloan. he is with politico. could you define what a tax credit is and how that differs...